Gold Inches Higher Wednesday, Aug. 4

0

Precious metals split Wednesday with gains and losses. Gold and palladium rose modestly, silver fell slightly, and platinum dropped sharply.

Gold for December delivery ticked up 40 cents, or 0.02%, to settle at $1,814.50 an ounce on the Comex division of the New York Mercantile Exchange.

Gold "has rebounded after testing the $1,810 support level for the past two days and it looks poised to break resistance around $1830 next as it continues to make bullish price action on the intraday charts," said Fawad Razaqzada, analyst at ThinkMarkets, in a note reported by MarketWatch.

Gold futures ranged from a low of $1,808.30 to a high of $1,835.90. They lost 0.4% on Tuesday and they rose 0.3% on Monday.

Silver for September delivery declined 12.1 cents, or 0.5%, to settle at $25.461 an ounce. Silver futures traded between $25.37 and $26.09. They inched up 0.03% on Tuesday and they edged 0.1% ahead on Monday.

In PGM futures prices Wednesday:

  • October platinum fell $25.60, or 2.5%, to $1,021.30 an ounce, ranging from $1,016.60 to $1,052.

  • Palladium for September delivery rose $6.40, or 0.2%, to $2,651.70 an ounce, trading between $2,644 and $2,680.

US Mint Bullion Sales in 2021

Published U.S. Mint bullion sales increased Wednesday by 2,500 ounces in American Gold Eagles and by 3,000 ounces in American Gold Buffalos.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Wednesday Last Week This Week / August May June July 2021 Sales
$50 American Eagle 1 Oz Gold Coin 2,500 6,000 15,500 20,500 158,000 49,500 649,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 15,000 10,000 56,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 30,000 0 86,000
$5 American Eagle 1/10 Oz Gold Coin 0 40,000 15,000 0 90,000 40,000 295,000
$50 American Buffalo 1 Oz Gold Coin 3,000 500 3,000 44,000 27,500 14,500 211,000
$1 American Eagle 1 Oz Silver Coin 0 760,000 612,500 0 2,800,000 3,104,000 19,623,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 40,000 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 2,900 0 0 52,900

 

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments